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Transcripts For CNBC Squawk 20240703

Strike. Well talk about what the markets have to concentrate on as we get into the next quarter. From a technical perspective, our next guest says the 20 of the s p now above the 50day moving averages brings the market one step closer to an entry point. Joining us, fair leaf managing partner katie stockton. Great to have you. Walk us through what an entry point might mean, in your view. A lot of corrective phases unfold in this a, b, c format but three ways. We think were in the third wave, the final wave of that corrective phase. But that would require, of course, some kind of oversold entry point. Were not convinced we have that quite yet. The shortt term momentum is ve strong. We do have some minor signs of downside exhaustion including that market breadth you cited. Theyre not widespread to give us enough confidence. We do think theres a good possibility that entry happens either this week or next week. What would really help is that is a pullback in yields. The market doesnt like ....

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